Cole Palmer has signed a two-year contract extension at Chelsea until June 2033.
Palmer’s new terms are a reward after a hugely successful first season at Stamford Bridge, in which he registered 25 goals and 15 assists in 45 appearances across all competitions.
Chelsea signed Palmer from Manchester City last summer for an initial fee of £40million with an additional £2.5m due in potential add-ons. The 22-year-old signed a seven-year contract with the option of a further 12 months.
Palmer had previously only played 19 times in the Premier League for City before joining Chelsea but he enjoyed a breakout year in west London, earning a call-up to the England squad for the European Championship as a result. After remaining an unused substitute for England’s first two matches, Palmer featured in all five of their next games as they reached the final, where he scored his side’s equalising goal in the 2-1 defeat by Spain.
Palmer’s exploits at the Euros mean he only returned to Chelsea last week following a holiday. The attacking midfielder featured as a second-half substitute in Sunday’s 1-1 friendly draw with Inter Milan at Stamford Bridge, his first appearance of pre-season.
Enzo Maresca’s Chelsea begin their Premier League season at home against City on Sunday, with a Conference League play-off four against Servette or Braga days later.
Chelsea have had a busy summer so far, signing Tosin Adarabioyo from Fulham, Omari Kellyman from Aston Villa, Marc Guiu from Barcelona, Kiernan Dewsbury-Hall from Leicester City, Renato Veiga from Basel, Caleb Wiley from Atlanta United and Aaron Anselmino from Boca Juniors. They had also agreed a €40m deal to sign Atletico Madrid striker Samu Omorodion but that move appears to have collapsed due to major problems finalising his contract.